Item 5.03Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

On March 28, 2022, the Articles of Association of Transocean Ltd. (the "Company") were amended (as amended, the "Articles of Association") to reflect changes in the Company's total outstanding share capital resulting from the previous issuance of 291 Transocean Ltd. shares out of conditional capital in connection with the exercise of certain 0.50% exchangeable senior bonds due 2023 that were previously issued by Transocean Inc., our wholly-owned subsidiary. Following the amendments, our Articles of Association reflect a share capital of CHF 75,424,407.20 divided into 754,244,072 fully paid registered shares.

The foregoing description of the Articles of Association does not purport to be complete and is qualified in its entirety by reference to the full text of the Articles of Association, a copy of which is filed herewith as Exhibit 3.1 and is incorporated herein by reference.

Item 9.01Financial Statements and Exhibits

(d) Exhibits.



Exhibit No.    Description

3.1              Articles of Association of Transocean Ltd.
101            Interactive data files pursuant to Rule 405 of Regulation S-T formatted
               in Inline Extensible Business Reporting Language
104            Cover Page Interactive Data File (formatted as inline XBRL).

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